Mike Washo billed for 145 hours of work during the month at $100 an hour, or $14,500. This work included meeting with authority and city officials in transitioning functions from SPA to receiver, coordinating with Central Parking on operation and maintenance of garages, briefing the bond trustee, handling media inquiries and meeting with tenants and customers.

Mr. Washo was paid $6,950 last month for his first two weeks on the job, Aug. 14-31.

The receivership is an outgrowth of SPA's unraveling that was induced by city council to reduce the amount of debt the city must pay back if the financially troubled SPA cannot fully make its bond payments.

After council allowed a default of a SPA bond that had been due June 1, the trustee representing SPA bondholders sought a court-appointed receiver to take control of the authority. Mr. Washo, a former Lackawanna County commissioner, was appointed and on Sept. 11 took control and hired Central Parking, an outside management firm, to operate SPA's five parking garages.

As receiver, Mr. Washo is required to file monthly reports in court. Last month, he had filed his first monthly report for his activities in August.

On Monday, he filed his second monthly report, for the month of September. Some of that report's highlights include:

n On Sept. 12, Mr. Washo deposited $9,080 from cash from parking machines in the garages.

n On Sept. 13, he paid $608,469 toward the authority's September bond payment of around $933,000. City council last month approved paying the balance of that bond payment, $325,000.

n On Sept. 30, the receiver's checking account had a balance of $113,386.

n A report by Central Parking showed revenue of $35,409 and expenses of $11,468, with the difference of $23,941 going to the receiver's estate, Mr. Washo said.

Meanwhile, SPA's next bond payment of $813,481 that is due on Dec. 1 is expected to be paid by the city, according to city Business Administrator Ryan McGowan. There had been some question as to how this SPA bond payment would be covered, whether by the receiver, the city, or SPA debt reserves, or some combination of them.

Mr. McGowan said Tuesday that SPA's Dec. 1 bond payment would be paid with money that would come from $9.75 million in city borrowing called unfunded debt that the city is seeking court approval to obtain.

"That (SPA's Dec. 1 bond payment) would be included in the second unfunded debt," Mr. McGowan said.

Contact the writer: jlockwood@timesshamrock.com

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